“We have to create baskets of consumption where we find valuations are reasonable and maybe there is some expectation of pickup and those are where we are focusing on. We have been positive on the auto sector because of the cyclical recovery which we believe should sustain over the next one or two years after the sector has gone through a slowdown during the Covid and a year after that. ”
“Segments which are linked to the broader capex side of the story, are showing good growth and the narratives are very strong. As we look towards the economic upcycle over the next few years, some of these companies are going to grow meaningfully 30-40% higher from where they are in terms of their business revenues. ”
We have not really seen a very large major correction play through. We had a correction in 22. And barring that, I think the last correction that we had when market went from 18600 to about 16800 or so, barring that correction, we have had a fairly less volatile market as compared to many other markets in the aftermath of a very large run.